The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Government of the Republic of The Gambia to explore and develop crude oil in the West African nation.
The signing ceremony took place in the Gambian capital, Banjul, and was attended by officials from both countries. The agreement will see the NNPC work with the Gambian National Petroleum Corporation (GNPC) to explore and evaluate potential oil resources in the country.
In a statement, the NNPC said the MoU was a significant step towards further strengthening bilateral relations between Nigeria and The Gambia, and would provide opportunities for the two countries to collaborate in the oil and gas sector.
